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Need professional advice for your consent to let with Hodge Life? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: Hodge Life consent to let

  • Can Hodge Life exercise a right to change the rates on a residential mortgage where the lender has granted Consent to Let at any time, onto ‘rates in line with their Buy to Let range'?

  • Have any of your clients had experience seeking Consent to Letfor12 months from Hodge Life or whether you have any tops as to how such consent is gained.

  • I have been reckless in not informing Hodge Life that I’m leasing my ground floor flat out. The latest tenants have left the place in a state and I need to claim on malicious damage. I’m worried that my insurer will contact Hodge Life, and secondly if they do inform them, what are they likely to do given the absence of consent to let?
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore thinking of downsizing to a newbuild flat in Tower Hamlets which I could rent out with less difficulty as and when required. The intention is to keep half the equity in the new property which would be my home for a while. My current mortgage co limits consent to let for 12 months. I expect to be renting it out longer term and not having consent could result in a whole heap of problems. BTL seems unnecessarily expensive given that I will be living there, maybe for 2-3 years initially. What product do I ask for, and from which lender? Do lenders such as Hodge Life grant consent to let for more than a year?
  • My wife and I have a owner-occupier mortgage with Hodge Life and are considering obtaining consent to let so that we can apply for a further mortgage on another property that I own on a buy to let basis. Ahead of applying it would be helpful to know the connotations of making the change and any facts that we need to be aware of.
  • There is a chance of me going to NYC for a year with work. Planning on taking my partner with me and hoping to rent our UK home in the meantime on a short term basis to make matters more cost effective. I was just enquiring about the processes of getting a 'consent to let'
  • Me and my partner and I would like to obtain consent to let on a house where we have a mortgage with Hodge Life. If issued, how long would consent be given for? In seeking consent to let from Hodge Life are we running the risk of them forcing us to change deal to B2L
  • We've spoken to someone at Hodge Life about switching our current mortgage to consent to let (the current 2 year fix comes to an end in september next year). Can I just confirm that I need to send a letter setting out our change in circumstance to Hodge Life? Where do I need to send the letter to?